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SIA Injects S$233M Into Medium-Haul LCC

Singapore Airlines (SIA) has capitalized its new low-cost medium-haul carrier at S$283 million ($235 million).
It has issued and bought 283 shares in New Aviation at S$1 a share, SIA tells the Singapore stock exchange.
New Aviation, a wholly-owned subsidiary of SIA, is the name of the company that SIA has registered to house the new low-cost medium-haul carrier, which is due to starting by June using ex-SIA Boeing 777-200s.
As reported by AviationWeek in August, New Aviation has ...

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